Ducommun launches $222.6 million credit facility repricing to lenders

By Sara Rosenberg

New York, March 13 - Ducommun Inc. held a call at 11 a.m. ET on Wednesday to launch a repricing of its $222.6 million credit facility, according to a market source.

Under the proposal the company is looking to take pricing down on its $60 million revolver due 2016 and $162.6 million term loan B due 2017 to Libor plus 375 basis points with a 1% Libor floor from Libor plus 425 bps with a 1.25% Libor floor, the source said.

The repriced term loan has 101 soft call protection for one year.

Commitments are due on March 20, the source added.

UBS Securities LLC is the lead bank on the deal.

Ducommun is a Carson, Calif.-based provider of engineering and manufacturing services to the aerospace and defense industry.

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